Personal Finance Section1 Study Questions

Section 1 ascertain Questions (9.0 points) Answer each drumhead fully. Complete sentences be non necessary. Lesson 1 (3.0 points) 1. flesh at least(prenominal) two things m whiztary planning could help you do. (0.5 points) make out a shit a bud modernize. Fund your education or the education of your children. 2. What is deal? (0.5 points) transform of things of note value 3. What is a service? (0.5 points) something of value that a someone stinker do for different people 4. Name one of the trinity functions of money. (0.5 points) specialty of exchange 5. The real estate mathematical product is categorized in which course? (0.5 points) by location, consumer, and commodity 6. What is a state of matters gross municipal product? (0.5 points) the value of the goods and service produced in that country Lesson 2 (3.0 points) 1. What is a market economy? (0.5 points) an frugal system that is regulated by the interactions surrounded by producers and consumers in the market 2. Name at least two features of capitalism. (1.0 points) expediency spring, Competition 3. A business that sells watches that argon more inexpensive than the watches a antagonist sells is using which type of tilt? (0.5 points) Direct competitors 4. What is a monopoly? (0.

5 points) is when one company controls an entire realm of goods or services, so that customers dont set out other choices 5. What is a motive? (0.5 points) a contend for doing something Lesson 3 (3.0 points) 1. What is land as a factor of doing? (0.5 points) means not just the surface of the earth, besides everything in the universe that wasnt created by people 2. What does the Law of Demand assign? (0.5 points) that if only other factors are equal, the involve bequeathing go crush if the damage goes up, and the demand will go up if the outlay goes down 3. What does the Law of yield say? (0.5 points) that if all other factors are equal, the add will increase if the price goes up, and the supply will decrease if the price goes down 4. What is elasticity? (0.5 points)...If you want to get a full essay, identify it on our website: Ordercustompaper.com

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